Section 27-14.5-4-12 - When plan of reorganization or plan to issue stock is effective(a) A plan of reorganization is effective when:(1) the commissioner has issued the permit for completion of organization of the mutual insurance holding company; and(2) the certificate of authority for the reorganized insurer has been: (A) issued by the commissioner under this chapter; and(B) recorded in the office of the county recorder of the county in which the principal office of the reorganized insurer is located.(b) A plan to issue stock is effective on the date on which the stock is issued in compliance with this article.Added by P.L. 226-2023,SEC. 30, eff. 5/1/2023.